Obama to nominate Sonia Sotomayor for Supreme Court

  • Lenders [BofA, Merrill] rewarded with Bookrunner hirings by firms in need [REITs] ( FT )

  • Purchase accounting lets FDIC/taxpayers eat JPM's loss, gives it full, one-time benefit for all gains ( Bloomberg )

  • North Korea is obviously very concerned about stern Obama condemnation, fires second set of missiles ( Bloomberg and FT )

  • The case of the vanishing analysts ( WSJ )

  • California's day of reckoning is a warning for Europe ( TimesOnline )

  • Rio Tinto cuts Nippon Steel iron ore prices by more than a third ( AP and FT )

  • Good stocks the market left behind ( Bloomberg )

  • Make or break week for GM as deadline nears ( AP )

  • California tax revolt 2.0 ( Fundmastery )

  • South Africa falls into first recession as economy contracts more than 6% ( Bloomberg )

  • The brave new world of restricted credit ( Forbes )